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Feb 8, 2013 6:30pm PST
on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for britain >> it is perhaps nobody's perf
Feb 9, 2013 2:00am GMT
the triple crisis if you. like a prime minister was describing. all the facts of the crisis only e.u. is a hold of maintaining its competitiveness in the global race that wasn't taking place in the same way in the ninety seven to all the growing gap between the institutions. and the citizens of the member states. these are all factors that are present today were not present in the nineteen seventies. and they are pretty new so relatively easy as it then was relatively new. and now it's a mature. institution facing these multiple crises and with other people advocating treaty change and that's in the report of the so-called of the for president simpson commission president barroso this blueprint for the future all of these calls for treaty change for other reasons. and so they. they and vironment the scale of the crisis the requirements of other nations to bring about change in the old much more intense than in the nineteen seventies when it was simply a matter of a bilateral renegotiation. but i don't think anybody hurt the countries you mention have embarked up all. a process which
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